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🔥 TESLA STOCK BOUNCE TOMORROW?? TSLA, SPY, SMCI, NVDA, AAPL, COIN, AMZN, META, & QQQ PREDICTIONS!!!

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•
March 13, 2024
by
Rey Jay's Trades
YouTube video player
🔥 TESLA STOCK BOUNCE TOMORROW?? TSLA, SPY, SMCI, NVDA, AAPL, COIN, AMZN, META, & QQQ PREDICTIONS!!!

TL;DR

Tesla's share price is on a downtrend but there is a possibility of a bounce if there is no new bad news. Market sell-off was due to higher than expected inflation data.

Transcript

what is good Tesla family it's Ray J back with another video and in this I want to break down what's going on with Tesla spying video the QQ and a couple of other tickers I'm going to talk about why tomorrow it's going to be another very important day as we have some data coming out not to mention a massive option chain for spy I'm also going to ta... Read More

Key Insights

  • 📰 Tesla's share price is on a downtrend, but there is a possibility of a bounce if there is no new bad news.
  • ☠️ The market sold off due to higher than expected inflation data, which may impact rate cuts by the Federal Reserve.
  • ☄️ Important data and earnings reports are coming out tomorrow, which may further impact the market and individual stocks like Tesla.
  • 🍂 Falling wedge patterns and market maker tactics suggest a possible rebound in the market.
  • 💇 Tesla's share price has been affected by news of accidents, criticism of Elon Musk, and price target cuts by UBS and Deutsche Bank.
  • 🥺 Options expiring tomorrow may lead to market manipulation and uncertainty in predicting market movements.
  • ❓ Volatility is expected during the release of important data, such as Michigan consumer sentiment and inflation data.

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Questions & Answers

Q: Why did the market sell-off?

The market sold off due to higher than expected inflation data, which increases the risk of higher inflation and prevents rate cuts by the Federal Reserve.

Q: Will the market bounce tomorrow?

It is uncertain if the market will bounce tomorrow due to the large number of options expiring, which may lead to manipulation. However, there are indicators such as falling wedge patterns and market maker tactics that suggest a possible rebound.

Q: What news has affected Tesla's share price?

There have been several factors affecting Tesla's share price, including a recent accident involving a Tesla vehicle and criticism of Elon Musk. UBS and Deutsche Bank also cut their price targets for Tesla, leading to further sell-off.

Q: What key data is coming out tomorrow?

Tomorrow, important data such as Michigan consumer sentiment and inflation data will be released, which may impact the market and Tesla's share price. It is advised to watch for volatility during these releases.

Summary & Key Takeaways

  • Tesla's share price is on a downtrend but there is a falling wedge pattern that suggests a possible breakout and bounce, depending on news and new data.

  • The market sold off due to higher than expected inflation data and the risk of increased inflation preventing rate cuts.

  • Important data is coming out tomorrow, including Michigan consumer sentiment and inflation data, which may impact the market and Tesla's share price.

  • Earnings reports from companies like Adobe and UBS cutting their price target on Tesla also contributed to the sell-off.


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